Asia markets closed mixed on Thursday after U.S. lawmakers ended the prolonged government shutdown. Equities in Japan and China rose modestly, while Hong Kong, Australia and South Korea saw declines. The Nikkei 225 added 0.2% and Topix gained 0.6%. Mainland indices like the Shanghai Composite and CSI 300 advanced 0.7% and 1.1%, respectively. Hong Kong’s Hang Seng eased 0.1%, Australia’s ASX 200 fell 0.4%, and South Korea’s Kospi dropped 0.4%.
Currencies also showed varied moves. The dollar strengthened to 149.10 yen. The Australian dollar climbed to 0.6641 USD on softer rate-cut expectations. The Korean won weakened amid risk aversion.
Investors remained cautious ahead of critical data. China’s October home prices unexpectedly fell 0.5% year-on-year. Industrial production decelerated to 4.7%. Market participants await upcoming Chinese trade and inflation figures, U.S. CPI, Fed minutes, and central bank meetings. Treasury yields hovered near recent highs, with the 2-year at around 4.58% and the 10-year at 4.65%.
Overall, Asia markets appear range-bound as the U.S. shutdown’s end fails to deliver a clear boost, leaving traders focused on data-driven drivers.
Neutral
Asia MarketsU.S. ShutdownAsian EquitiesCurrenciesMarket Outlook
The Ethereum core developer team has outlined preferences for the upcoming Glamsterdam fork, naming EIP-7732 (enshrined proposer-builder separation, ePBS) as the headliner. In preparation for the Glamsterdam fork, the team also recommends inclusion of EIP-7805 (Fork-Choice Inclusion Lists, FOCIL) to enhance censorship resistance, while deferring or rejecting other consensus layer EIPs like EIP-7688, 8045, 8062, and 8068 due to complexity or limited benefit. EIP-8061 (increase churn limits) is conditionally supported in favor of EIP-8071. The report warns that focus on ePBS and FOCIL may push teams to capacity, advising careful evaluation of additional EIPs for inclusion in later forks. Key drivers include MEV reduction, decentralization, and network resilience. Stakeholders are urged to balance scope against delivery timelines to ensure a timely and secure deployment.
Analyst Pumpius outlines three XRP price prediction scenarios based on adoption levels. In the first, Ripple secures a U.S. trust bank license from the OCC to handle custody, stablecoins and tokenized real-world assets. That could channel $500 billion in annual settlement flows and lift XRP to $50. Scenario two envisions major corporations like Apple, Amazon and Tesla moving their treasuries and supplier payments onto the XRP Ledger, driving $5 trillion in yearly liquidity and pushing XRP to $100. The third scenario assumes tokenization of global capital markets—stocks, bonds and ETFs valued at over $100 trillion—on the XRP Ledger, potentially sending XRP above $100 000. These bullish XRP price prediction targets depend on major adoption milestones. While the utility case is strong, all projections remain highly speculative with no guarantee of materializing.
Bitcoin price dipped on Tuesday despite strong ETF inflows, with heavy trading volume driving volatility. A morning sell-off of 27,579 BTC saw the price fall from $103,177 to $102,203 after earlier gains toward $105,342. Inflows into spot Bitcoin ETFs totaled $524 million, led by $224.2 million into BlackRock’s iShares Bitcoin Trust and $165.8 million into Fidelity’s FBTC. On-chain data showed a countertrend, with 7,500 BTC transferred to Binance—the highest outflow since March.
The market structure remained fragile. Support held at the $102,000 level after three tests, while resistance emerged around $102,400. Trading volumes contracted from an average of 400 BTC to 165 BTC in recent hours. Analysts warn that a drop below $102,000 could expose the $100,600–$101,200 zone, while a break above $105,050 might target $107,400.
Short-term investors have been under selling pressure, especially around breakeven levels near $112,000. In contrast, the mining sector showed resilience. Hash rate momentum stayed positive, and no miner capitulation signals appeared.
Overall, the Bitcoin price remained in a broad trading range. Heavy ETF demand clashed with exchange-bound supply. Traders should watch key support and resistance levels for potential breakouts.
In October, global crypto exchange volumes surged 36% from the previous month, marking a clear market recovery in digital asset trading. The spike was driven by renewed investor interest in Bitcoin and Ethereum, with major platforms such as Binance and Coinbase reporting notable increases in trading activity. Analysts point to improving macroeconomic indicators, easing inflation pressures, and growing institutional participation as key factors behind the volume rebound. This market recovery offers traders enhanced liquidity for precise entry and exit positions but also underscores potential volatility as markets adjust. Monitoring exchange volumes and market sentiment will be critical for navigating the evolving crypto landscape in the coming months.
Asia markets traded mixed on Thursday. Stocks in Japan and mainland China rose, while Hong Kong and Australia declined. India also gained. The mixed session followed Wall Street’s near-record highs and the end of the US government shutdown, which failed to spark a significant rally. Currency markets reacted to shifting inflation and interest rate cut expectations, weakening the yen and won, while the Australian dollar strengthened. Equities in each country moved in line with local economic signals. Investors remain cautious ahead of key Chinese data releases, fresh inflation figures, and central bank policy cues. Profit-taking after recent rallies also weighed on market sentiment. Overall, Asia markets showed limited upside, reflecting uncertainty over global growth and policy outlook.
Neutral
Asia marketsUS government shutdownInflation expectationsCurrency movementsChina data
Solana user engagement has fallen to a one-year low as memecoin hype subsides. According to Glassnode, active Solana addresses dropped to 3.3 million in late 2025, down from over 9 million in January. Although overall participation has declined, niche platforms like Pump.fun still handle more than $1 million in daily volume. Solana’s DeFi total value locked remains strong at $10 billion, supported by protocols such as Jupiter, Jito and Kamino. Developers are shifting focus to long-term growth by expanding decentralized exchanges, prediction markets and real-world asset protocols. Solana (SOL) is trading at $155.92 with a market cap of $86.42 billion, down about 2% over the past week. The dip in active addresses highlights the network’s vulnerability to short-term trends but underscores ongoing efforts to build sustainable infrastructure.
Bitmine, a major institutional participant in the Ethereum market, has continued to accumulate ETH even while sitting on $1.8 billion in unrealized losses. According to CryptoQuant data, the firm added more than 70,000 ETH since early November, signaling strong long-term conviction in Ethereum’s fundamentals. Ethereum recently reclaimed the $3,450 support level but faces resistance at $3,600–$3,700. Technical indicators, including the 50-week moving average around $3,400 and upward-sloping 100- and 200-week moving averages, suggest the asset remains in a long-term uptrend. Traders will monitor whether Ethereum can hold above $3,400 and break above $3,700 to confirm a broader trend reversal. The upcoming U.S. government reopening and renewed macroeconomic data flow may influence market liquidity and sentiment. Sustained whale accumulation, combined with favorable macro conditions, could set Ethereum up for its next major move toward $4,200–$4,500, while a failure to defend $3,300 might trigger deeper corrections.
Bullish
EthereumBitmineWhale AccumulationTechnical AnalysisMarket Outlook
The Crypto Fear & Greed Index has plunged to 15, marking extreme fear levels not seen since March. This sentiment slump coincides with declining bullish mentions of Bitcoin and Ethereum on social media, indicating that short-term traders may be capitulating. Analysts at Santiment draw parallels to March 2022 when Bitcoin traded near $18,000 before a sharp rebound. Experts including Joe Consorti of Horizon and Samson Mow of Jan3 note that long-term holders—often referred to as diamond hands—are quietly accumulating during this dip. Historically, such capitulation phases precede crypto rallies as stronger hands enter the market. Traders should watch sentiment indicators and accumulation metrics closely, as this low level on the Crypto Fear & Greed Index could signal a potential rebound in Bitcoin and Ethereum prices in the coming months.
Bullish
Crypto Fear & Greed IndexMarket SentimentBitcoinLong-Term HoldersCrypto Rally
POPCAT, a Solana-based memecoin, jumped 14% in 24 hours, driven by large futures orders and a bullish taker CVD. The token has traded in a $0.134–$0.175 range since October, forming an accumulation pattern. A clear breakout above the $0.175 resistance could target $0.23. On-chain data shows futures traders placed whale orders, while spot volume cooled, signaling cautious buying. Bybit and Robinhood hold over 10% of supply, and the top 10 addresses control 38.1%. Liquidity clusters above $0.17 suggest a potential squeeze to $0.18. Traders should watch the $0.175 level for confirmation. Mixed momentum indicators underline the need for a strong breakout to sustain a bullish trend. POPCAT’s next move hinges on market confirmation and continued capital inflows.
Bitget has launched its BEATUSDT perpetual futures contract under USDT-M Futures, available since November 12 (UTC+8). Traders can open positions with up to 25× leverage, a tick size of 0.00001 and funding fees settled every four hours. The new BEATUSDT futures pair supports 24/7 trading and automated order execution through futures trading bots. Automation features allow algorithmic entries, exits and risk management, aligning with the growing trend of AI-driven crypto trading strategies. Bitget may adjust contract parameters like leverage or margin rates to manage market volatility. This listing expands Bitget’s derivatives suite alongside USDC-M and Coin-M Futures, consolidating collateral under a unified USDT margin account. By integrating BEATUSDT futures with bot support, Bitget aims to enhance liquidity and trading flexibility for both retail and institutional users.
Bitcoin price has climbed past $103,000 on Binance USDT, marking a 350% gain from the 2022 low and the highest level in three years. The rally was driven by accelerating institutional adoption and clearer regulations in key markets. It also reflects broader mainstream acceptance of digital assets. The Bitcoin price rally’s technical indicators show resistance near all-time highs, while upcoming ETF approvals and macroeconomic factors could steer future trends. Traders should weigh the market’s volatility and conduct due diligence. This milestone reflects growing liquidity and maturing infrastructure in the cryptocurrency sector.
India plans to introduce an AI curriculum across all schools from Grade 3 in the 2026–27 academic year, aligning with NEP 2020 and NCF-SE 2023. Learning materials and digital content will be ready by December 2025, and teachers will receive structured training through NISHTHA. An expert committee led by Karthik Raman (IIT Madras) is designing the AI curriculum and Computational Thinking syllabus. The government’s IndiaAI Mission has allocated $1.24 billion to boost AI literacy, aiming to support a $5 trillion economy and future workforce skills. This move follows global trends in AI-enabled education, emphasizes personalized learning, and seeks to address automation risks highlighted by NITI Aayog.
Neutral
AI curriculumIndia EducationNational Education PolicyTeacher TrainingAI Literacy
Global banks are shifting from traditional de-banking narratives to on-chain operations by issuing tokenized deposits—blockchain representations of bank liabilities that combine stablecoin liquidity with legal backing. Singapore’s DBS and J.P. Morgan are building a cross-chain framework to enable real-time settlement of tokenized deposits on Ethereum L2 Base and permissioned ledgers. Hong Kong plans a multi-layer digital currency model integrating CBDC, tokenized deposits, and regulated stablecoins. In the UK, six major banks launched a tokenized pound pilot covering cross-border payments, mortgages, and digital asset settlement through mid-2026. Japan’s SBI Shinsei Bank is testing cross-border tokenized settlements to cut costs and delays within existing regulations. Analysts foresee a three-tier monetary architecture—central bank digital currency, bank-issued tokenized deposits, and market-issued stablecoins—with tokenized cash and stablecoins projected to reach $3.6 trillion by 2030. This marks a shift from blockchain experiments to core financial infrastructure, signalling stronger institutional demand for on-chain liquidity and faster payments.
Gate’s October 2025 Private Wealth Management Report shows its top 30% quant strategies achieved a 35.4% annualized return, significantly outperforming Bitcoin amid the first October loss since 2018. The Hedge Smart USDT fund posted a 5% positive return while BTC fell over 5.5%, and overall quant strategies maintained minimal drawdowns, with the USDT strategy’s maximum drawdown at just 0.01%. Looking ahead to November, Gate research anticipates macro liquidity and policy expectations will dominate market sentiment, leading to a high-volatility, low-trend consolidation phase. Key sectors likely to attract funds include AI, DePIN, payments, and digital identity.
Anichess, a Web3 chess platform by Animoca Brands and Chess.com, has integrated the new CHECK token as its native currency. The utility token has a fixed supply of 1 billion, with 59.38% allocated for community and ecosystem development.
The rollout will occur in phases. Players can use the CHECK token to enter skill-based tournaments, stake for Mate Points (M8) to boost gameplay, earn performance rewards, unlock exclusive collectibles, and participate in governance. The CHECK token rewards skill, creativity, and community contributions instead of simple click activity, driving sustainable, skill-oriented engagement.
Pi Network (PI) shows mounting bullish momentum as a major investor’s holdings climb to approximately 374.5 million tokens. Technical charts reveal an almost complete inverse head-and-shoulders formation, with price testing the right shoulder and aiming to break above the key 50-day EMA. A recent breakout from a falling wedge pattern further signals a potential upswing. Whale activity has intensified: over 1.23 million PI were acquired in a single day, underscoring confidence in Pi Network’s outlook. Concurrently, the development team has integrated AI to accelerate KYC verification for millions of users and applied for ISO certification, steps that could pave the way for major exchange listings. The platform’s $100 million venture fund has also backed AI and robotics company OpenMind, highlighting long-term growth strategies. These factors—whale accumulation, bullish chart patterns, and network enhancements—suggest a favorable environment for a PI price surge.
Bullish
Pi Networkwhale activityinverse head-and-shoulders50-day EMAnetwork upgrades
Cross-border liquidity provider XRP remains unused at scale by banks despite its technical capabilities. Crypto analyst Mr. Man and former Ripple director Navin Gupta attribute the hesitancy to current regulatory prudence: the Bank for International Settlements assigns a 1,250% risk weight to unbacked crypto assets, forcing banks to hold substantial capital. Until the BIS lowers this risk weighting, banks must continue using the US dollar as a bridge currency. Mr. Man highlights that once prudential standards adjust, XRP could replace dollar intermediaries in forex routes, speeding settlement and cutting costs. Gupta adds that Ripple’s software connects independent XRP markets—for example, converting GBP to XRP in the UK, then XRP to PHP—enabling instant, legally compliant transfers. He clarifies that Ripple’s stablecoin RLUSD complements rather than competes with XRP, with XRP serving as the bridge asset. The analysis shows that XRP’s limited adoption results from enduring regulatory frameworks rather than inefficiency, suggesting substantial upside if risk weights fall.
White House National Economic Council Director Kevin Hassett forecasted a 25 bps interest rate cut by the Fed, saying a 50 bps move is unlikely. He argued that falling prices of imported goods reflect a cost adjustment, not true inflation. Hassett endorsed a strong dollar policy as a “smart choice” and indicated that 50-year mortgages could improve housing affordability. On trade, he warned of alternative measures if the Supreme Court rejects current customs duties. Fed member Stephen Miran also weighed in, labeling the Fed’s policy “too tight” and suggesting looser monetary policy ahead. Miran highlighted stablecoin growth as potentially equivalent to 30–60% of early-2000s savings rates. These comments on monetary policy, import prices, and mortgage terms will guide market expectations for future interest rate cuts and currency strength.
Neutral
US economyMonetary policyInterest rate cutStrong dollarImport prices
The XION community meetup is set for Gangnam, Seoul on November 19 at 10:00 UTC. This invitation-only Web3 gathering brings together developers, project teams, investors, media, and key opinion leaders. The agenda features direct insights from the XION development team, interactive AMA sessions with founders, private networking with investors and media partners, and prize drawings. Attendees will explore XION’s latest blockchain abstraction solutions and future roadmap. The intimate format ensures high-quality interactions and deeper collaboration than larger conferences. Developers can pitch projects to investors, receive expert feedback, and establish partnerships. Media representatives gain early access to innovative use cases. Hosted in Seoul’s premium Gangnam district, the venue offers top-tier facilities and easy access. This XION community meetup enhances visibility, fosters strategic partnerships, and accelerates growth in the Web3 ecosystem. Participants should prepare business cards, concise project pitches, and targeted questions for the AMA sessions. Key announcements and highlights will be shared post-event through official channels. The event underscores rising interest in blockchain abstraction and offers a unique platform to shape the future of Web3.
Bullish
XIONWeb3Blockchain AbstractionNetworking EventSouth Korea
Bitwise Chief Investment Officer Matt Hougan says the true crypto bull market will arrive in 2026, not 2025, as the absence of a year–end rebound sets the stage for a stronger rally. Speaking at The Bridge conference in New York, Hougan cited the four-year cycle theory and noted robust fundamentals—including institutional investment, regulatory progress, stablecoins, tokenization and DeFi innovations like Uniswap’s fee switch proposal. He remains optimistic that Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) could reach new highs, even if they fall short of earlier extreme price targets. While crypto-native retail sentiment is depressed, traditional retail is entering via spot ETFs, fueling inflows. Overall, these forces point to a sustained 2026 crypto bull market.
On November 13, on-chain analytics firm Lookonchain observed that a prominent ETH whale — which previously accumulated 385,718 ETH (approximately $1.33 billion) after earlier borrowing to short — has borrowed an additional 120 million USDT from the Aave protocol. The whale transferred the full USDT amount into Binance. This ETH whale’s move suggests a preparation for further ETH accumulation, signalling renewed bullish sentiment. Traders should watch for potential upward pressure on ETH prices as large-scale on-chain borrowing and deposits often precede major buying events.
Bullish
ETH whaleAaveUSDT borrowBinance depositETH accumulation
Dogecoin is showing signs of a potential breakout reminiscent of its 2021 rally. The memecoin has gained 7.7% recently, trading around $0.176 with a market capitalization of $26.7 billion, as it registers higher lows and highs within an accumulation range between $0.14 and $0.18. Technical analysts note a Wyckoff accumulation pattern akin to the pre-altseason setup of 2021. A decisive move above the $0.26–$0.28 supply zone could trigger a sharp bull run. The broader altcoin market mirrors this accumulation thesis, with capitalization plots suggesting conditions similar to the last altseason. Altcoins traditionally soared over 300% following such patterns. Healthy trading volumes—Dogecoin’s volume-to-market-cap ratio stands at about 6.3%—indicate sustained investor interest without excessive speculation. Traders are watching Bitcoin’s $100,000 threshold and key resistance levels for confirmation of a renewed altcoin cycle.
XRP price has consolidated between $2.30 and $2.60, showing resilience amid market swings. Trading volumes remain in the billions, with support around $2.30 and resistance near $2.50–$2.60. On-chain data indicate moderate supply strain and no mass selling by large holders. Institutional interest is rising as spot-XRP ETF filings gain traction, reinforcing the utility narrative. Without a major catalyst, expect range-bound trading, but a confirmed ETF launch or new Ripple ODL corridors could push XRP price higher toward the $3.00 breakout target.
Meanwhile, AlphaPepe (ALPE) presale on BNB Chain is attracting retail buyers. Key features include instant token delivery, pre-listing staking rewards and locked liquidity. Over 3,600 holders have joined so far. Traders are adopting a dual strategy: holding XRP for stability and allocating smaller positions to AlphaPepe for speculative upside. This balanced approach offers exposure to both large-cap utility and emerging meme-coin momentum.
Financial educator David Bird highlights that the recent Bitcoin trend was predictable, noting low volumes and market divergence during the spike to US$125,000. He stresses that the Bitcoin trend signals weakened sentiment by contrasting Bitcoin’s 500% gain with MicroStrategy’s 3700% return, raising questions about market dominance. Bird warns that converging economic cycles in 2026 may pose significant market challenges, urging traders to adopt defensive strategies ahead of a potential downturn. He also notes that an alt-season depends on the ‘others dominance’ indicator rising, signaling smaller tokens gaining strength. Investors should follow cycle patterns and dominance metrics to navigate upcoming volatility.
Bitcoin entered a short-term correction in early November, dropping below $99,000 and its 365-day moving average—a technical signal often seen as the start of a market pullback. Morgan Stanley strategist Denny Galindo described this phase as Bitcoin’s “fall season” on the Crypto Goes Mainstream podcast, urging investors to harvest gains after three years of rally. Immediate support lies between $100,000 and $102,000, with resistance near $110,000, according to CoinSwitch. Cooling liquidity across stablecoins, ETFs and digital asset treasuries is likely to heighten volatility as leveraged positions unwind. Major altcoins—Ethereum, Solana and Cardano—suffered losses of 3.5% to over 8%, dragging total crypto market capitalization down to $3.52 trillion. Despite the short-term caution, Morgan Stanley remains positive on Bitcoin’s long-term role as digital gold, backed by $137 billion in spot Bitcoin ETFs and growing institutional adoption.
Polymarket has launched a beta test of its US exchange, inviting select users to trade real contracts ahead of a full public relaunch. The move follows its July acquisition of QCEX, which provides CFTC-licensed derivatives and clearing services. Backed by a CFTC no-action letter, Polymarket US exchange aims for a late November launch. The platform switches to an open exchange model, letting users set prices and back outcomes directly. Polymarket plans a new financing round targeting a $12–15 billion valuation, up from its last $8 billion pre-money valuation after the Intercontinental Exchange (ICE) pledged up to $2 billion. Traders will gain regulated, onshore access to prediction markets, marking Polymarket’s shift from offshore operations.
Bitcoin mining difficulty fell by 2.37% to 152.27 T at block height 923,328, according to CloverPool data released November 13. The latest mining difficulty adjustment occurred approximately 10.5 hours after the previous adjustment. This reduction in Bitcoin mining difficulty reflects fluctuations in network hashrate and miner participation. A lower difficulty can improve profitability for existing miners but signals slight cooling in overall network computational power. Traders may interpret the change as neutral for short-term price action and monitor hashrate trends going forward.
FanDuel, the US online sports betting leader, will debut a new crypto prediction markets platform in December. Branded FanDuel Predicts, the mobile app—developed with derivatives expertise from CME Group—lets users trade event contracts on cryptocurrencies, commodities and economic indicators. The partnership leverages CME’s risk-management capabilities to bridge entertainment and financial markets.
The launch coincides with rapid growth in crypto prediction markets, which saw over $27.9 billion in volume from January to October 2025. Competing platforms like Polymarket and Kalshi are forging major partnerships, while exchanges such as Gemini and trading apps including Robinhood are entering the space. Industry expert James Newman of Chiliz (CHZ) highlights the importance of sustainable integration, balancing innovation with responsible market practices.